You’re viewing the FY2023 filing — not the latest on file.
See the latest (FY2025) →
Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1971.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
48 people listed on the 990; $4.2M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former Pres. End 5/22 Special Advisor 6/22 to 12/22
$497,915Pt VII · Sec A
Chief Investment Officer
$412,745Pt VII · Sec A
Vice President Enrollment Mgmt
$373,051Pt VII · Sec A
Vice President-Finance & Administration
$327,115Pt VII · Sec A
VP Alumni Relations and Development
$316,224Pt VII · Sec A
Provost and VP for Academic Affairs & Interim Pres. 6/22 to 7/22
$300,802Pt VII · Sec A
President Beg 7/22
$299,992Pt VII · Sec A
Dean: Neidorff School of Business
$289,110Pt VII · Sec A
Janet S Dicke Professor in Public Humanities
$265,235Pt VII · Sec A
Em Stevens Professor of Economics
$261,242Pt VII · Sec A
Jesse H Jones Professor of Business
$245,349Pt VII · Sec A
President's Special Advisor for Inclusive Excellence
$242,057Pt VII · Sec A
Vice President for Student Life
$218,062Pt VII · Sec A
Vice President for Strategic Communications and Marketing
$196,498Pt VII · Sec A
Trustee
$0Pt VII · Sec A
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$0Pt VII · Sec A
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Treasurer
$0Pt VII · Sec A
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$0Pt VII · Sec A
Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
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Craig Crow’s $1.1M as Chief Investment Officer is at the 77th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Craig Crow | $1,053,672 | $907,597 | $412,745 | — | — | — |
| Danny Anderson | — | — | $497,915 | $505,121 | $895,374 | $506,029 |
| Vanessa B Beasley | $633,090 | $607,760 | $299,992 | — | — | — |
| Dennis Ahlburg | — | — | — | $554,805 | $271,090 | $267,927 |
| Gary L Logan | $191,675 | $552,749 | $327,115 | — | $287,338 | $302,267 |
| Michael Bacon | $378,438 | $536,180 | $316,224 | $318,133 | $278,111 | $311,284 |
| Eric Maloof | $347,508 | $492,177 | $373,051 | $237,038 | $226,456 | $224,572 |
| Megan Mustain | $304,948 | $451,346 | $300,802 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Trinity University executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides high-quality undergraduate and select graduate education, combining personalized teaching, research opportunities, and public service to prepare students for productive careers.
Questions for Trinity University
Your first name shows with your question. Trinity University answers here, for everyone.
1 program · $202.4M · in their own filed words · FY2022
01
Trinity University, one of the nation's top private undergraduate institutions, is known for its superior academic quality, personalized attention with outstanding faculty, exceptional resources, real-world preparation, and vibrant campus life.
$202.4Mprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · received and paid
Grants received · FY2025
Samf FundFY2025$200K
Hispanic Scholarship FundFY2025$47K
Folds of Honor FoundationFY2025$19K
The Ayco Charitable FoundationFY2025$10K
Total grants receivedfrom 6 funders$1.9M
Grants paid · 12 grants · $443.4M · 2019–2024
Unitemized GrantFY2024$81,415,682
Unitemized GrantFY2024$1,220,749
Unitemized GrantFY2023$78,885,515
Unitemized GrantFY2023$1,017,222
Unitemized GrantFY2022$73,622,678
Unitemized GrantFY2022$1,127,829
Unitemized GrantFY2021$71,387,151
Unitemized GrantFY2021$1,027,486
Unitemized GrantFY2020$67,522,461
Unitemized GrantFY2020$853,944
Unitemized GrantFY2019$62,878,867
Unitemized GrantFY2019$2,472,784
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2025 · $17.5M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.6M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$1.1M
Trio Upward BoundDepartment of Education · ALN 84.047 · Direct$460K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$432K
Plus 18 smaller programs.
The auditor reported 6 findings: a weakness in money controls.
Year ending May 2024 · $18.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.8M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.5M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$781K
Research Infrastructure ProgramsDepartment of Health and Human Services · ALN 93.351 · Direct and through Texas Biomedical Research$763K
Plus 21 smaller programs.
The auditor reported no findings.
Year ending May 2023 · $16.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.3M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.9M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$545K
Aging ResearchDepartment of Health and Human Services · ALN 93.866 · Direct and through Texas Biomedical Research and 1 more$533K
Plus 18 smaller programs.
The auditor reported no findings.
Year ending May 2022 · $20.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.6M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$4.3M
Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$2.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.0M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$539K
Plus 17 smaller programs.
The auditor reported 2 findings.
By the numbers
The FY2023 990, line by line.
Download 990
1The main four
Money inPt VIII
$230.2M
Ln 12
Fees for servicesLn 2g$156.3M
Gifts and grantsLn 1h$28.0M
Investment incomeLn 3$25.1M
Money outPt IX
$246.9M
Ln 25
Programscol B$202.4M
Managementcol C$39.1M
Fundraisingcol D$5.3M
Owns and owesPt X
$1.9B
net assets · Ln 32
Cash and savingsLn 1–2$26.5M
Total assetsLn 16$2.1B
LiabilitiesLn 26$213.8M
PeoplePt VI, VII
48
listed · VII A
PaidVII A14
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28.0M
Government grantsLn 1e$6.6M
Noncash giftsLn 1g$2.1M
Fees for servicesLn 2g$156.3M
Investment incomeLn 3$25.1M
Other incomeLn 4–11$20.8M
Gains on assetsLn 7$10.6M
Total revenueLn 12$230.2M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$25.1M
Cash and savings togetherLn 1–2$26.5M
InvestmentsLn 11–13$1.29B
Land, buildings, equipmentLn 10c$371.3M
Other assetsLn 15$393.5M
Total assetsLn 16$2.1B
LiabilitiesLn 26$213.8M
Net assetsLn 32$1.9B
OperationsPt I, VI
EmployeesI 52,103
VolunteersI 629
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$179.7M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$35.6M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.1M
EndowmentSch D · Pt V
| Line | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|
| End of yearLn 1g | $1.27B | $1.30B | $1.29B | $908.8M | $911.9M |
| Given inLn 1b | $9.1M | $9.2M | $99.1M | $8.6M | $6.0M |
| SpentLn 1d–1f | $64.3M | $99.4M | $53.1M | $43.7M | $45.3M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $56.4M | $26.5M |
| InvestmentsLn 11–13 | $1.31B | $1.29B |
| Land, buildings, equipmentLn 10c | $345.8M | $371.3M |
| Total assetsLn 16 | $2.15B | $2.11B |
| LiabilitiesLn 26 | $215.4M | $213.8M |
| Net assetsLn 32 | $1.94B | $1.90B |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $74.8M | $74.8M | ||
| Pay of current officers, directors and key staffLn 5 | $3.2M | $521K | $2.4M | $297K |
| Pay of disqualified personsLn 6 | $55K | $55K | ||
| Other salaries and wagesLn 7 | $66.6M | $56.2M | $7.6M | $2.8M |
| Pension plan contributionsLn 8 | $5.3M | $4.4M | $686K | $214K |
| Other employee benefitsLn 9 | $8.8M | $3.5M | $5.0M | $326K |
| Payroll taxesLn 10 | $5.4M | $4.7M | $639K | $46K |
| Legal feesLn 11b | $608K | $608K | ||
| Accounting feesLn 11c | $250K | $250K | ||
| Investment management feesLn 11f | $11.8M | $11.8M | ||
| Other fees for servicesLn 11g | $18.5M | $15.3M | $2.4M | $791K |
| Advertising and promotionLn 12 | $553K | $70K | $479K | $4K |
| Office expensesLn 13 | $2.4M | $2.1M | $112K | $186K |
| Information technologyLn 14 | $4.9M | $3.2M | $1.6M | $81K |
| RoyaltiesLn 15 | $52K | $52K | ||
| OccupancyLn 16 | $6.5M | $5.9M | $497K | $138K |
| TravelLn 17 | $3.6M | $3.4M | $138K | $70K |
| Conferences, conventions and meetingsLn 19 | $295K | $205K | $79K | $11K |
| InterestLn 20 | $5.6M | $4.9M | $710K | |
| Depreciation, depletion and amortizationLn 22 | $15.1M | $13.2M | $1.9M | |
| InsuranceLn 23 | $965K | $36K | $928K | |
| Other expenses (24a–d)Ln 24 | $7.8M | $6.7M | $703K | $315K |
| All other expensesLn 24e | $3.9M | $3.3M | $602K | $54K |
| Total functional expensesLn 25 | $246.9M | $202.4M | $39.1M | $5.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 14, 2026 | $350.5M | $292.2M | $58.3M | $2.2B | 990 PDF |
| FY2024Filed with the IRS Apr 8, 2025 | $338.7M | $271.0M | $67.6M | $2.1B | 990 PDF |
| FY2023 ViewingFiled with the IRS Apr 15, 2024 | $230.2M | $246.9M | −$16.7M | $1.9B | 990 PDF |
| FY2022Filed with the IRS Apr 17, 2023 | $314.5M | $235.3M | $79.1M | $1.9B | 990 PDF |
| FY2021Filed with the IRS Apr 15, 2022 | $306.8M | $224.5M | $82.3M | $1.9B | 990 PDF |
| FY2020Filed with the IRS Apr 14, 2021 | $216.2M | $215.8M | $437K | $1.5B | 990 PDF |
Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
A · Public support
M · Noncash
J · Pay
O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $230,171,439 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,699,136$27,993,776
I-9 Program service revenuePrior year $147,356,109$156,272,877
I-10 Investment incomePrior year $101,780,495$25,058,308
I-11 Other revenuePrior year $22,651,885$20,846,478
I-12 Total revenuePrior year $314,487,625$230,171,439
I-13 Grants and similar amounts paidPrior year $72,414,637$74,750,507
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $80,702,315$89,281,379
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,231,846$82,836,683
I-18 Total expensesPrior year $235,348,798$246,868,569
I-19 Revenue less expensesPrior year $79,138,827−$16,697,130
Part VI · Governance 34 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $230,171,439 across 12 lines filed
VIII-1d Related organizations$418,474
VIII-1e Government grants$6,599,339
VIII-1f All other contributions, gifts and grants$20,975,963
VIII-1g Noncash contributions (included above)$2,078,112
VIII-1h Total contributions, gifts and grants$27,993,776
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $156,272,877$156,272,877
VIII-3 Investment incomeUnrelated business −$1,873,392 · Excluded from tax $16,357,519$14,484,127
VIII-5 RoyaltiesUnrelated business $93 · Excluded from tax $18,670,384$18,670,477
VIII-6 Net rental income or lossRelated to mission $5,000 · Unrelated business −$48,875−$43,875
VIII-7 Net gain or loss on sales of assetsUnrelated business $230,289 · Excluded from tax $10,343,892$10,574,181
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,210,981 · Unrelated business $8,895$2,219,876
VIII-12 Total revenueRelated to mission $158,488,858 · Unrelated business −$1,682,990 · Excluded from tax $45,371,795$230,171,439
Part IX · Statement of functional expenses $246,868,569 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $74,750,507$74,750,507
IX-5 Pay of current officers, directors and key staffPrograms $520,658 · Management $2,401,983 · Fundraising $297,043$3,219,684
IX-6 Pay of disqualified personsPrograms $54,861$54,861
IX-7 Other salaries and wagesPrograms $56,176,206 · Management $7,599,790 · Fundraising $2,793,429$66,569,425
IX-8 Pension plan contributionsPrograms $4,366,773 · Management $685,888 · Fundraising $213,658$5,266,319
IX-9 Other employee benefitsPrograms $3,497,184 · Management $4,984,822 · Fundraising $326,176$8,808,182
IX-10 Payroll taxesPrograms $4,677,103 · Management $639,404 · Fundraising $46,401$5,362,908
IX-11b Legal feesManagement $608,027$608,027
IX-11c Accounting feesManagement $250,136$250,136
IX-11f Investment management feesManagement $11,846,991$11,846,991
IX-11g Other fees for servicesPrograms $15,316,279 · Management $2,379,907 · Fundraising $790,913$18,487,099
IX-12 Advertising and promotionPrograms $70,063 · Management $479,209 · Fundraising $4,078$553,350
IX-13 Office expensesPrograms $2,138,391 · Management $112,334 · Fundraising $185,931$2,436,656
IX-14 Information technologyPrograms $3,197,061 · Management $1,592,901 · Fundraising $81,300$4,871,262
IX-15 RoyaltiesPrograms $52,326$52,326
IX-16 OccupancyPrograms $5,860,253 · Management $497,400 · Fundraising $138,229$6,495,882
IX-17 TravelPrograms $3,399,360 · Management $137,706 · Fundraising $70,417$3,607,483
IX-19 Conferences, conventions and meetingsPrograms $205,080 · Management $79,047 · Fundraising $10,876$295,003
IX-20 InterestPrograms $4,884,416 · Management $710,080$5,594,496
IX-22 Depreciation, depletion and amortizationPrograms $13,229,423 · Management $1,870,619$15,100,042
IX-23 InsurancePrograms $36,498 · Management $928,423$964,921
IX-24 Other expenses (24a–d)Programs $6,743,451 · Management $703,111 · Fundraising $315,067$7,761,629
IX-24e All other expensesPrograms $3,255,315 · Management $602,474 · Fundraising $53,591$3,911,380
IX-25 Total functional expensesPrograms $202,431,208 · Management $39,110,252 · Fundraising $5,327,109$246,868,569
Part X · Balance sheet $2,113,060,060 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $7,071,359$1,404,178
X-2 Savings and temporary cash investmentsStart of year $49,355,637$25,120,820
X-3 Pledges and grants receivableStart of year $23,383,680$21,897,821
X-4 Accounts receivableStart of year $2,450,752$4,621,806
X-8 Inventories for sale or useStart of year $125,472$61,093
X-9 Prepaid expenses and deferred chargesStart of year $1,851,849$9,308,673
X-10c Land, buildings and equipment, netStart of year $345,789,518$371,308,510
X-11 Publicly traded securitiesStart of year $727,617,189$692,648,875
X-12 Other securitiesStart of year $576,782,034$584,715,051
X-13 Program-related investmentsStart of year $9,864,974$8,450,423
X-15 Other assetsStart of year $408,705,562$393,522,810
X-16 Total assetsStart of year $2,152,998,026$2,113,060,060
X-17 Accounts payable and accrued expensesStart of year $26,095,501$27,871,856
X-19 Deferred revenueStart of year $3,382,497$3,730,392
X-20 Tax-exempt bond liabilitiesStart of year $182,705,156$179,730,349
X-24 Unsecured notes and loans payableStart of year $1,634,994$1,093,130
X-25 Other liabilitiesStart of year $1,570,060$1,385,948
X-26 Total liabilitiesStart of year $215,388,208$213,811,675
X-27 Net assets without donor restrictionsStart of year $704,277,487$723,063,515
X-28 Net assets with donor restrictionsStart of year $1,233,332,331$1,176,184,870
X-32 Total net assets or fund balancesStart of year $1,937,609,818$1,899,248,385
X-33 Total liabilities and net assetsStart of year $2,152,998,026$2,113,060,060
Part XI · Reconciliation of net assets $1,899,248,385 net assets at year end
XI-1 Total revenue$230,171,439
XI-2 Total expenses$246,868,569
XI-3 Revenue less expenses−$16,697,130
XI-4 Net assets at start of year$1,937,609,818
XI-5 Net unrealized gains (losses) on investments−$21,542,657
XI-9 Other changes in net assets−$121,646
XI-10 Net assets at end of year$1,899,248,385
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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